EPG Wealth Management LLC Reduces Position in Accel Entertainment, Inc. (NYSE:ACEL)

EPG Wealth Management LLC decreased its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,196 shares of the company's stock after selling 57,905 shares during the quarter. EPG Wealth Management LLC owned approximately 0.13% of Accel Entertainment worth $1,177,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Accel Entertainment by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after buying an additional 53,379 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Accel Entertainment by 27.0% during the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock valued at $8,799,000 after buying an additional 175,112 shares in the last quarter. Invesco Ltd. raised its position in shares of Accel Entertainment by 13.1% during the 4th quarter. Invesco Ltd. now owns 731,261 shares of the company's stock valued at $7,810,000 after buying an additional 84,891 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Accel Entertainment by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,173 shares of the company's stock valued at $7,370,000 after buying an additional 23,745 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Accel Entertainment by 11.1% during the 4th quarter. Northern Trust Corp now owns 488,463 shares of the company's stock valued at $5,217,000 after buying an additional 48,639 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company's stock.

Accel Entertainment Trading Up 2.4%

ACEL stock traded up $0.28 during mid-day trading on Monday, reaching $11.68. The company had a trading volume of 87,491 shares, compared to its average volume of 290,056. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The company has a market capitalization of $998.92 million, a PE ratio of 22.89 and a beta of 1.22. The firm has a 50 day moving average of $10.49 and a 200 day moving average of $11.05. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96.

Insider Activity

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the transaction, the insider now owns 211,575 shares of the company's stock, valued at approximately $2,221,537.50. This trade represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the transaction, the director now directly owns 323,135 shares of the company's stock, valued at approximately $3,557,716.35. This represents a 7.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,000 shares of company stock worth $686,500. Corporate insiders own 19.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACEL. Northland Securities upped their target price on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Macquarie reissued an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research report on Tuesday, May 6th.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.